Gazelle Energy Limited (GEL) is a private petroleum exploration and production company based in Calgary, Canada, which has a 100% interest in the F17-b4 Petroleum License in the Thrace basin onshore NW Turkey.  The Petroleum License contains the Pehlivankoy natural gas discovery with 376 Bcf of 3P reserves close to gas distribution infrastructure. GEL has drilled and completed the first appraisal well, Pehlivankoy-2, including two fracture stimulations, and flowed gas on short term tests from stacked tight sand reservoirs.  GEL is seeking equity investment or a strategic partner to continue the appraisal program leading to the FID for field development and first production in 2027.